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Equity and Share-Based Compensation
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Equity and Share-Based Compensation Equity and Share-Based Compensation
Weighted-Average Common Shares Outstanding
Three Months Ended
March 31,
(in millions)20242023
Weighted-average number of common shares outstanding – basic3,959 4,208 
Effect of dilutive securities34 19 
Weighted-average number of common shares outstanding – diluted3,992 4,227 
Antidilutive securities162 202 
Weighted-average common shares outstanding used in calculating diluted earnings per common share attributable to Comcast Corporation shareholders (“diluted EPS”) considers the impact of potentially dilutive securities using the treasury stock method. Antidilutive securities represent the number of potential common shares related to share-based compensation awards that were excluded from diluted EPS because their effect would have been antidilutive.
Accumulated Other Comprehensive Income (Loss)
(in millions)March 31,
2024
December 31,
2023
Cumulative translation adjustments$(2,019)$(1,596)
Deferred gains (losses) on cash flow hedges70 49 
Unrecognized gains (losses) on employee benefit obligations and other269 293 
Accumulated other comprehensive income (loss), net of deferred taxes$(1,680)$(1,253)
Share-Based Compensation
Our share-based compensation plans consist primarily of awards of restricted share units (“RSUs”) and stock options to certain employees and directors as part of our approach to long-term incentive compensation. Additionally, through our employee stock purchase plans, employees are able to purchase shares of our common stock at a discount through payroll deductions.
In March 2024, we granted 31 million RSUs and 3 million stock options related to our annual management awards. The weighted-average fair values associated with these grants were $42.62 per RSU and $9.49 per stock option. During the three months ended March 31, 2024 and 2023, share-based compensation expense recognized in our condensed consolidated statements of income was $303 million and $295 million, respectively. As of March 31, 2024, we had unrecognized pretax compensation expense of $2.8 billion related to nonvested RSUs and nonvested stock options.